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Ardelyx ARDX Product sales, net — Concentration risk (as percent)

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Other financials

Income statement

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Revenue$94.5M+27.5%
Gross profit$89.7M+45.1%
Operating income-$32.8M+9.8%
Net income-$37.6M+8.6%
EPS (diluted)-$0.15+11.8%

Balance sheet

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Cash & equivalents$31.2M+1.3%
Total debt$208.3M+34.3%
Total equity$148.6M+2.0%
Total assets$504.5M+23.0%

Cash flow

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Operating cash flow-$32.2M+16.2%
CapEx$69.0K-78.8%
Free cash flow-$32.3M+16.7%

Valuation

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Market cap$1.53B+25.5%
Enterprise value$1.71B+27.1%
P/S3.6×+0.2×

Profitability

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Gross margin92.5%+7.9pp
Operating margin-25.4%
Net margin-13.6%
FCF margin-40.9%

Returns & leverage

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Return on equity-39.5%
Debt / equity1.4×+0.3×
Current ratio3.5×-0.6×

Where this comes from

Reported directly by Ardelyx in its filing.

Tagged under the XBRL concept us-gaap:ConcentrationRiskPercentage1.

The official record: Ardelyx’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Ardelyx's product sales, net — concentration risk (as percent)?
Ardelyx (ARDX) reported product sales, net — concentration risk (as percent) of 98.8% in Q1 2026.
How has Ardelyx's product sales, net — concentration risk (as percent) changed year-over-year?
Ardelyx's product sales, net — concentration risk (as percent) increased by 8.0% year-over-year, from 91.5% to 98.8%.
What does product sales, net — concentration risk (as percent) mean?
This metric measures the degree to which total product revenue is dependent on a limited number of customers, distributors, or specific therapeutic indications. A high concentration indicates significant exposure to the purchasing behavior or regulatory status of a small group of entities. Monitoring this helps investors evaluate the stability of revenue streams and the potential impact of losing key commercial relationships.